USFD

LONGINSIDER SELL

US FOODS HLDG CORP

Funds

Score

4.50

vs SPY

-27.6%

Stock return (since Q-end)

-11.2%

SPY return (since Q-end)

+16.3%

Current price

$81.85

News Summary

Negative

US Foods missed Q1 2026 earnings expectations (EPS $0.78 vs. $0.81; revenue $9.61B vs. $9.64B forecast), triggering an 8.3% stock decline, though management reaffirmed full-year guidance of 4–6% sales growth and 18–24% adjusted EPS growth. The company demonstrated operational progress with AI tool launches (MenuIQ), expanding Pronto delivery (47 markets live), and a $983.6M completed buyback, offset by acknowledged macro deterioration, weather/fuel headwinds that reduced EBITDA growth by ~4 points, and a rise in LIFO expenses that compressed gross margins.

Red flags

•Missed adjusted EPS consensus by 3.7% ($0.78 actual vs. $0.81 forecast)
•Missed revenue consensus by 0.3% ($9.61B vs. $9.64B), indicating demand softness
•Gross margin compression: 17.2% with LIFO expense quadrupling to $38M from $5M YoY
•Operating cash flow declined 24.8% to $294M from $391M despite higher sales
•CEO acknowledged 'deteriorating macro environment' and weather-related disruptions
•Net debt-to-EBITDA elevated at 2.6x with limited deleveraging momentum
•Multiple analyst downgrades post-earnings (JPMorgan, BTIG, Citi targets lowered; Zacks downgrade to 'hold')
•Operating income declined to $216M from $224M despite revenue growth, signaling margin pressure

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
D1 Capital	Dan Sundheim	4.3M	+4.3M	$395.0B	—	NEW
Lone Pine Capital	Steve Mandel	3.8M	+3.8M	$350.0B	—	NEW
Glenview Capital	Larry Robbins	384K	+384K	$35.4B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
Locascio Dirk J.	EVP, Chief Financial Officer	SELL	20K	$91.19	$1.82M	2026-03-30